samcco09
Long

NZD/USD Bull Flag setup into Resistance

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
-NZDUSD is currently forming a bull flag pattern
-The potential bottom of the flag found moving average, trendline , and Fib support
-Stochastic RSI is in oversold territory and may soon cross over
-With the poor non-farm payrolls report, and dovish tone from the FED, there may be a bearish outlook on USD since a June rate hike is probably no longer on the table
-The pattern will be confirmed by a breakout with a price target of 0.7056-0.7075, which is previous structure where the double top formed in late April and the length of the "flagpole"
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out